SCHEDULE 13G: Donald Smith & Co. Discloses 6.08% Stake in Universal Insurance Holdings
Beneficial Ownership Report
Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have jointly disclosed a beneficial ownership of 6.08% of Universal Insurance Holdings, Inc.'s common stock as of December 31, 2024.
Summary
- Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have filed a Schedule 13G, indicating their beneficial ownership in Universal Insurance Holdings, Inc.
- As of December 31, 2024, the reporting persons collectively beneficially own 1,720,519 shares of Universal Insurance Holdings, Inc. common stock.
- This aggregate ownership represents 6.08% of the issuer's common stock outstanding.
- Donald Smith & Co., Inc. holds sole voting power over 1,570,955 shares and sole dispositive power over 1,706,055 shares.
- DSCO Value Fund, L.P. holds sole voting power over 14,464 shares and sole dispositive power over 14,464 shares.
- Both entities share voting power over 1,585,419 shares and shared dispositive power over 1,720,519 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory disclosure of beneficial ownership, indicating a passive investment stake. It does not contain positive or negative operational or financial information about the issuer, thus maintaining a neutral sentiment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- Richard Greenberg, CEO and Co-CIO of Donald Smith & Co., Inc. and DSCO Value Fund, L.P., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence investor perception and potentially stock liquidity.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-01-22 | Date of agreement and consent for joint filing of Schedule 13G. |
| 2025-02-14 | Date of signing of the Schedule 13G by Richard Greenberg, CEO and Co-CIO of Donald Smith & Co., Inc. and DSCO Value Fund, L.P. |
Keywords
Universal Insurance Holdings, Donald Smith & Co., DSCO Value Fund, Schedule 13G, beneficial ownership, common stock, insurance, investment adviser, institutional ownership, equity stake
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